REUTERS TRADE AND RISK MANAGEMENT TARGETS ASIA PACIFIC WITH FIVE NEW KONDOR DEALS IN Q1

Hong Kong - 4 April 2007

Reuters Trade and Risk Management has signed five major trade deals in the Asia Pacific region for Kondor systems in the first quarter of 2007. This adds to the 140 existing customers serviced by Reuters in thirteen countries across the region. Following on from the sale announced recently at New South Wales Treasury Corporation (TCorp), four more banks are now planning installations of Reuters Kondor systems.

Metropolitan Bank and Trust Company (Metrobank)
The largest commercial bank in the Philippines, Metropolitan Bank and Trust Company (Metrobank) is implementing a centralised market risk system to effectively manage risk exposure and meet requirements set by the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines.

Bernardito M. Lapuz, Head of Risk Management of Metrobank, said, "We are enhancing our capabilities in analysing market and counterparty risks to meet the demands of our growing business. We welcome this opportunity to work with Reuters who come with many references in the Philippines, in Asia and worldwide."

Korea Exchange Bank
Korea Exchange Bank, the largest foreign exchange bank in Korea, is upgrading to the latest version of Kondor+ 3.0 for its front office, including a number of new modules for derivatives trading, structured products and risk management. Korea Exchange Bank reviewed a number of other systems before selecting Reuters to take advantage of the enhanced derivatives functionalities added through the acquisition of Application Networks with JRisk in 2006.

Mr. Kim Hee Dong, Head of Financial Products & Engineering Team, Korea Exchange Bank, said: "We decided to select Kondor+ for derivatives trading from amongst various other competitors because we felt that the combination of superior functionality and excellence in project delivery would guarantee a successful outcome for our project."

Bank of East Asia (Shanghai)
Establishing a new trading room in Shanghai, Bank of East Asia has signed a contract with Reuters to leverage on their existing Kondor front, middle and back office system in Hong Kong while building up a strategic move into mainland China.

A major Hong Kong based bank
Reuters has signed an agreement with a long-term client in Hong Kong to provide consultancy services to create a hot backup disaster recovery service for its Kondor applications. An important part of business contingency planning, this project enables the bank’s treasury and risk management team to switch to the disaster recovery site within a short time frame and continue trading and real-time limit management without any interruption, thus reducing operation risks.

New South Wales Treasury Corporation (TCorp)
Following an extensive selection process New South Wales Treasury Corporation (TCorp) recently chose Reuters Kondor+ and its integrated Middle and Back Office modules to support its requirements for trade and risk management. TCorp is the central financing authority for the New South Wales public sector and a leading issuer of semi-government securities in the Australian market. TCorp is replacing their existing systems with Kondor+ to provide deal capture, risk management and straight through processing across all asset classes, integrated with Reuters Kondor Global Risk for pre-trade credit limit management.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development